debian-release@lists.debian.org is the best place to discuss this. I'm going to start posting this unofficial status report there like I did for my freeze date estimate last month in http://lists.debian.org/debian-release/2003/debian-release-200306/msg00004.html
Again, I'm having trouble keeping this up to date and accurate, but here it is as I'll likely be busy for the next few weeks. I'll try to post another message updating this stuff again next month, but next time it'll be to debian-release.
Note I don't think I've updated the menu and translation items yet.

I may not be pointing to the canonical locations. My guesses about priorities (1-3) of things to be done before Sarge is released is below with status information. I'm unsure as to where to get status information about some things in the second paragraph below (which is mainly about packages).

Some other notes:
Old items that I haven't updated because I consider them to be resolved for now:
P.S.: A belated happy Canada day.